2020 - Page 5 of 77 - NPL Confidential

ECB decisions positive for Greek bonds and banks

11 December 2020 Editors

New monetary measures announced yesterday by ECB president Christine Lagarde are expected to push lower the yields of Greek bonds,…

Government, banks, loan servicers split on implementation of new bankruptcy code

11 December 2020 Konstantinos Papagrigoris

Lenders must speed up all the procedures in order to launch the operation of the platform concerning the out-of-court settlement of natural persons, as provided by the new bankruptcy code, also known as the “Second Chance”.

Alpha Bank deal with Davidson Kempner to be announced

10 December 2020 Konstantinos Papagrigoris

Only the final signatures have been left to complete a formal agreement between US fund Davidson Kempner and Alpha Bank on the sale of the the10.8 billion euro Galaxy securitization and the sale of 80-85% in Cepal Hellas.

Piraeus Bank EGM set to facilitate EUR7bn NPE securitizations

10 December 2020 Editors

Piraeus Bank has called an Extraordinary General Meeting for shareholders to approve its corporate transformation (into a holding company), to facilitate the two planned NPE securitizations.

Bain Capital sues Piraeus Bank at the High Court in London over NPL breaches

10 December 2020 Editors

Bain bought Amoeba for €0.432 bn (Gross Book Value: €1.45 bn) and is is seeking estimated damages of EUR 32.3m plus interest, the difference between the actual value of the Portfolio and the value of the Portfolio if the Loan Warranties had been true.

P. Psycharis Psychiko villa goes under the hammer today

9 December 2020 Konstantinos Papagrigoris

Τoday the auction of a house belonging to Panos Psycharis, son of the former major publisher Stavros Psycharis, will take…

EU will present a plan for regional bad banks

9 December 2020 Editors

The European Commission is set to present next Tuesday its blueprint for the creation of several regional asset management agencies…

WSJ: growing interest from foreign investors in Greek securitized NPLs.

9 December 2020 Editors

Greek banks in their effort to offload their soured loans have been benefited by stimulus from central banks and governments globally because they have sent fresh cash into funds that buy NPLs.

Intrum Hellas targets first place in Greece market

8 December 2020 Konstantinos Papagrigoris

George Georgakopoulos, is determined to seek all the mega securitizations that will hit the market in coming months, such as the National Bank’s Project Frontier, amounting to 6.1 billion. euros, and Project Ariadne from PQH amounting to 6.8 billion euros.

Intrum’s Survey : Half of Greeks have lost income

7 December 2020 Editors

Greece stands on the top position among EU countries as 49% of the consumers said that their income went down due to the Covid crisis, compared with 35% which is the E.U average.